May 23, 2024
Recreational Rowing Boats Market

Recreational Rowing Boats Market is Estimated to Witness High Growth Owing to Increasing Awareness About Health Benefits of Rowing

Recreational rowing boats, also known as pleasure boats or sculling boats, are lightweight boats designed for rowing as a recreational activity. They are primarily used for rowing as an aerobic exercise or recreational leisure activity. Recreational rowing boats are available in different sizes ranging from single to double, triple and quadruple boats. They offer several advantages over power boats such as being eco-friendly, requiring no fuel, producing no noise or wake, and allowing participants to enjoy outdoor activities while getting fit. The increasing awareness about the numerous health benefits of rowing such as improving cardiovascular health, burning high calories and toning the entire body has been driving the demand for recreational rowing boats in recent years. The Global Recreational Rowing Boats Market is estimated to be valued at US$ 15.90 Bn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Recreational Rowing Boats Market are Euro Diffusion’s, FILIPPI LIDO SRL, Row Alden, Rowing Yard Wiersma, Sykes Racing, ECHO ROWING, Kiwi International Rowing Skiffs Ltd., Empacher, Vega Realisations Composites, Leo Coastal, Whitehall Rowing & Sail, Durham Boat Company, Baumgarten Bootsbau, Virusboats, Janousek. Key players are focusing on introducing innovative designs and materials to make boats lightweight yet durable.

The market is expected to witness significant growth opportunities due to the increasing popularity of rowing as a healthy lifestyle activity among youth and middle-aged population. Several rowing clubs and facilities are being established across major cities which is encouraging the adoption of recreational rowing boats.
Advancements in boat building technologies and materials have allowed manufacturers to develop boats that offer better performance, safety and durability. The use of composites such as carbon fiber and epoxy resins have helped reduce boat weight while improving structural strength. Some players have also started 3D printing techniques to customize designs as per user needs.

Market Drivers

One of the major drivers for the recreational rowing boats market is growing health consciousness. Rowing is considered a full-body cardiovascular workout that can help burn high calories and strengthen muscles. The numerous health benefits have boosted participation in rowing at amateur and professional levels. Growing obesity levels coupled with increasing lifestyle diseases have encouraged people to take up rowing. The need for versatile cardiovascular exercise options is driving the demand for recreational rowing boats globally.

Challenges in the recreational rowing boats market

The recreational rowing boats market is facing challenges related to high maintenance cost and storage space requirements of rowing boats. Rowing boats need proper maintenance after each use to prevent damage from weathering. Regular sanding, repairing and painting of boats increase ownership cost. Rowing boats also require large storage space when not in use. Finding suitable storage area near water bodies is a challenge for many buyers. Environmental regulations also pose challenges with respect to usage of certain materials for boat manufacturing.

SWOT Analysis

Strength: Lightweight and portable construction of boats makes them ideal for transportation and storage. Weakness: High maintenance requirements and costs. Opportunity: Rising health consciousness and popularity of water sports can boost demand. Threats: Strict environmental rules can restrict use of certain materials.

Geographical regions with high market concentration

North America accounts for the largest share of the recreational rowing boats market in terms of value sales. The region has vast number of lakes, rivers and coastal areas which areideal locations for rowing.Presence of major boat manufacturers and established sports culture further support market growth.Europe is another lucrative region driven by strong participation in rowing sports and events such as European and World Rowing Championships held periodically.

Fastest growing region

Asia Pacific region is poised to witness fastest growth in the recreational rowing boats market over the forecast period. Population centers near large water bodies and increasing disposable incomes are driving sales in countries such as China, Japan and India. Rising health awareness and interest among youth in water sports also aid market expansion. Government initiatives to promote water sports provide tailwinds to market revenues.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research.
2. We have leveraged AI tools to mine information and compile it.